GEL

In March 2020, GEL/USD exchange rates dropped to 1 USD = GEL 3.4 (I still remember days, when rates were 1 USD, equaled 1.74 GEL). Most of the banks (if not all) act as market makers or they buy low…

It has been a while since I last time examined GEL/USD exchange rates. It seems more than four years have passed already. Back in 2014, I was concerned about GEL exchange rates because I had some…

Investments in Georgia, have been on my focus, probably since the day one since I relocated here (see: Living in Georgia), back in 2011. Unfortunately, it was hard to find a transparent and easy to…

Average salary in the Republic of Georgia at the end of the second quarter (Q2) of 2016 was GEL 1035.98 equaling about USD 389. For the simplicity of further written and calculated, here is the…

Yup, another hipster style article about actual prices for consumer goods at local Tbilisi market (Bazroba). It has been a while since I decided to measure how lari/dolar exchange rates influence…

On February 1st, 2016 the National Bank of Georgia issued upgraded Lari banknotes. It was mid February when first upgraded banknote ended up im my hands, I got it at local Procredit ATM.  My first…

A time ago, in September 2014, I started to save some money, I was so eager to save money, that I even started a new category on my blog - 'Savings Reports'. 4 months from my first, and yet latest,…

n September 2014, I started a journey to build a savings account in the fast-developing economy of Georgia. With a strong command of the Georgian economy, I saw the potential to grow my income from…

In this article, I'm sharing notes on how I opened a bank account at ProCredit Georgia Bank back in 2014. Since I originally wrote this article, I have opened several additional bank accounts in…

It has been awhile since I last time examined GEL/USD exchange rates. Last time I did that, I was pretty worried about hidden devaluation of Georgian national currency Lari. During the past 4 years…